Ellucian, ABB/Con-Cise, Beacon Roofing, Universal Fiber talk surfaces; Hanson reveals OID

By Sara Rosenberg

New York, Sept. 10 – Ellucian, ABB/Con-Cise Optical Group LLC, Beacon Roofing Supply Inc. and Universal Fiber Systems LLC all disclosed pricing guidance on their new loan deals that were presented to lenders on Thursday.

Also, Hanson Building Products (Stardust Finance Holdings Inc.) released original issue discount talk on its incremental first-lien term loan, and Foundation Building Materials LLC emerged with new deal plans.

Hanson Building Products came out with original issue discount talk of 99 on its fungible $240 million incremental first-lien term loan due March 13, 2022 that launched with a call during the session, a source remarked.

As previously reported, pricing on the incremental term loan is Libor plus 550 bps with a 1% Libor floor and the debt has 101 soft call protection through March 13, 2016, which is all in line with existing term loan terms.

Commitments are due on Sept. 24.

Foundation Building set a bank meeting for Sept. 17 to launch a $375 million credit facility, according to a market source.

The facility consists of a $50 million ABL revolver, a $245 million seven-year first-lien term loan B and an $80 million eight-year second-lien term loan, the source said.

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